Premature withdrawals from FDs may not be enough to cover expenses during a financial emergency. You can get the money you need from a salary advance loan before your next paycheck is due to cover your expenses.
A short-term loan from your employer, often intended for salaried employees in India, is known as a salary advance. Some lenders charge a reduced interest rate that is calculated monthly or perhaps even daily. The interest rate and other loan terms, however, differ from lender to lender.
